Learn how to read fundamental analysis in Forex and discover in this article the top 10 market forces that drive the currency markets and influence price. Below are the top 10 fundamental forces that drive the currency markets. Table of Contents Interest Rates Inflation Rates Trade Balance and...
Traders in the forex market rely on fundamental analysis andtechnical analysis. Technical analysis in forex tells traders that the price and charts reflect the news. Fundamental analysis determines theintrinsic valueof an investment to determine its value, rather than historical price action or market ...
According to a 2022 triennial report by the Bank for International Settlements (BIS), there are, on average, $7.5 trillion of forex transactions on a daily basis.1With so much action and so many participants—most of whom are trading for speculative reasons—gaining an edge in the forex mark...
Technical and Fundamental Analysis: Trade Forex in a Smart Way Some Forex traders use charts to predict price fluctuations. There are various tools including indicators, graphical patterns, candlestick models to facilitate market forecasting. They are all based on the main principles described by Charle...
Forex trading involves trying to bet on which currency will rise or fall versus another currency. How do you know when to buy or sell a currency pair? In the following examples, we are going to use a little fundamental analysis to help us decide whether to buy or sell a specificcurrency...
Price action analysis can require significant amount of study to understand Forex Price Action Analysis vs Other Analysis: Which is best and why? Price action analysis is amongst the best possible analysis to use in my opinion. This is because it is based on what the market is doing now w...
Learn how to trade Forex with our ultimate and updated beginner's guide. Discover what is the spread, lots, pips in Forex, the mistakes to avoid, and much more!
In Forex trading, the basic unit of trade is thecurrency pair. This concept is similar to the yin and yang of the forex market, where twocurrenciesare juxtaposed to evaluate one against the other. Each pair consists of abase currencyand aquote currency, with the value of the base currency...
It generally helps to incorporate bothtechnical analysis(chart patterns, indicators, trend lines, etc.) and fundamental analysis (economic data releases, geopolitical events, etc.) into your trading plan to maximize your decision-making accuracy when trading forex. Remember to adapt your trading strate...
Learning from the best stock market winners can guide you to tomorrow’s leaders. Always do a post-analysis of your stock market trades so that you can learn from your successes and mistakes. (That’s where atrading journalcomes in real handy.) ...